Innobright Technologies $252097 Fundraising. Zachary Lerner Submitted Feb 13 form D

February 13, 2018 - By Darrin Black

Innobright Technologies Financing

Innobright Technologies Inc., Corporation just had published form D because of $252,097 equity financing. This is a new filing. Innobright Technologies was able to finance itself with $92,097 so far. That is 36.53 % of the round of financing. The total private financing amount was $252,097. The financing form was filed on 2018-02-13. The reason for the financing was: Up to $190,000 in new cash investments plus $62,097 in debt that was voluntarily converted into equity securities.. The fundraising still has about $160,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Innobright Technologies is based in New Mexico. The firm’s business is Other Technology. The form was submitted by Zachary Lerner Attorney-in-Fact. The company was incorporated in 2015. The filler’s address is: 101 Broadway Blvd Ne, Suite 1100, Albuquerque, Nm, New Mexico, 87102. William F. Bice is the related person in the form and it has address: 317 Commercial St Ne, Albuquerque, Nm, New Mexico, 87102. Link to Innobright Technologies Filing: 000163426518000002.

Analysis of Innobright Technologies Offering

On average, firms in the Other Technology sector, sell 85.80 % of the total offering size. Innobright Technologies sold 36.53 % of the offering. The fundraising is still open. The average fundraising amount for companies in the Other Technology industry is $1.54 million. The offering was 94.02 % smaller than the average of $1.54 million. Of course this should not be seen as negative. Companies get financed for a variety of needs and reasons. The minimum investment for this offering is set at $10000. If you know more about the reasons for the financing, please comment below.

What is Form D? What It Is Used For

Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.

Why Fundraising Reporting Is Good For Innobright Technologies Also

The Form D signed by Zachary Lerner might help Innobright Technologies Inc.’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.

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